American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a...
National News
U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency...
The chairman of the Securities and Exchange Commission on Wednesday urged the U.S. Congress to act now to provide oversight...
Citigroup Inc. and Wells Fargo & Co. agreed to extend their legal standstill for two more days as they scrambled...
Bad faith remedies designed to protect insurance consumers from unfair claim settlement practices can potentially harm consumers, warns a new...
A client concerned about identity theft might consider moving to the Dakotas. It’s best to stay away, however, from Arizona,...
The AIG has been a settled part of the insurance scene for as long as I have been watching it....
Standard & Poor’s Ratings Services has revised its outlook on Sedgwick CMS Holdings Inc. to stable from positive, and has...
Wells Fargo & Co. has won the bidding for Wachovia Corp., beating out Citicorp. Citicorp, while stepping aside, said it...
Lawmakers criticized American International Group Inc. Tuesday for ignoring financial warnings and for executive compensation deals and lavish spending, including...